CMP 60.84
In the bigger picture, USDINR, almost done retracement between 38.2% to 50% and made low 58.34 from 68.73.
If 58.34 is the end of down move as wave 4 I expect up move towards 68.73+.
If 58.34 supports upside retracement levels are: 60.76 (done), 62.30, 63.52, 64.75, 65.68, 66.49, 68.73 (100%).
60.76 lies between 23.6% to 38.2%.
If 61.21, 61.73 restricts, I expect 60.17, 59.81, 59.57, 59.21 on the down side and max 58.34.
If 58.34, 60.17 supports, I expect minimum upside move as 61.73. Above 61.73 I am bullish and further targets 62.50, 63, 63.80, 65.10.
Any move below 58.34, there will be big fall.
Down side targets: 55.90, 54.37, 51.94.
Based on 1H TF, I expect down move If 61.21, 61.73 restricts:
DOWN SIDE TARGETS: 60.17, 59.80, 59.57, 59.21, 58.60, 58.34.
But from my perspective, I expect 58.34 will support and expecting to move on the upside, minimum target on the upside 68.73.
Let us see how the market move on.
In the bigger picture, USDINR, almost done retracement between 38.2% to 50% and made low 58.34 from 68.73.
If 58.34 is the end of down move as wave 4 I expect up move towards 68.73+.
If 58.34 supports upside retracement levels are: 60.76 (done), 62.30, 63.52, 64.75, 65.68, 66.49, 68.73 (100%).
60.76 lies between 23.6% to 38.2%.
If 61.21, 61.73 restricts, I expect 60.17, 59.81, 59.57, 59.21 on the down side and max 58.34.
If 58.34, 60.17 supports, I expect minimum upside move as 61.73. Above 61.73 I am bullish and further targets 62.50, 63, 63.80, 65.10.
Any move below 58.34, there will be big fall.
Down side targets: 55.90, 54.37, 51.94.
Based on 1H TF, I expect down move If 61.21, 61.73 restricts:
DOWN SIDE TARGETS: 60.17, 59.80, 59.57, 59.21, 58.60, 58.34.
But from my perspective, I expect 58.34 will support and expecting to move on the upside, minimum target on the upside 68.73.
Let us see how the market move on.
